RCS - Metals One PLC - Drilling Contractor Tender - Hammaslahti Project

Metals OneAnnouncement

07/05/2025 07:00

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RNS Number : 5541H  Metals One PLC  07 May 2025

7 May 2025

 

Metals One Plc

("Metals One" or the "Company")

 

Drilling Contractor Tender - Hammaslahti Copper-Zinc Project, Finland

 

Metals One (AIM: MET1), which is advancing critical minerals projects,
announces that it has put out a tender for a drilling contractor to provide
services for a 2,000m, 10-hole diamond core drill programme at the Company's
Hammaslahti Copper-Zinc Project in Finland.

 

The planned drill programme will focus on E-lode, a key target at the project,
as well as a greenfield area directly to the north of E-lode. Pending award of
the contract and confirmation of rig availability, Metals One intends to
commence drilling activities later this year.

 

The Hammaslahti Copper-Zinc Project is prospective for VMS mineralisation and
contains the historical Hammaslahti mine which produced over 7Mt at an average
grade of 1.16% copper, 1.55% zinc, 0.59 g/t gold and 5.2 g/t silver between
1973 and 1986.

 

Recent drilling by the previous owners identified previously unknown
extensions to the Hammaslahti mine mineralisation with multiple intersections
of high-grade massive sulphides. Examples of this extensional mineralisation
include 3.4m at 11.5% copper and 3 ppm gold. The most recent diamond drilling
programme in 2023 was successful in intersecting sulphide mineralisation in
each of the eight holes drilled with one occurrence at only 75m depth.

 

Jonathan Owen, CEO of Metals One, commented:

 

"We are looking forward to commencing work at Hammaslahti, one of our two new
Finnish copper projects, and are currently in the process of securing an
experienced drilling contractor to assist with the drill programme.
Reinterpretations of geophysical and geological data show significant
potential for new VMS mineralisation which this drilling programme intends to
test."

 

Glossary

 

 g/t  Grams per tonne
 m    Metres
 Mt   Million tonnes
 ppm  Parts per million
 VMS  Volcanogenic massive sulphide

 

Enquiries:

 

 Metals One Plc                                                       via Vigo Consulting

 Jonathan Owen, Chief Executive Officer                               +44 (0)20 7390 0234

 Craig Moulton, Chairman

 Beaumont Cornish Limited (Nominated Adviser)                         +44 (0)20 7628 3396

 James Biddle / Roland Cornish

 www.beaumontcornish.com (http://www.beaumontcornish.com)

 SI Capital Limited (Joint Broker)                                    +44 (0)14 8341 3500

 Nick Emerson

 Capital Plus Partners Limited (Joint Broker)                         +44 (0)20 3821 6169

 Jonathan Critchley

 https://www.capplus.co.uk/ (https://www.capplus.co.uk/)

 Vigo Consulting (UK Investor Relations)                              +44 (0)20 7390 0234

 Ben Simons / Kendall Hill / Anna Stacey

 metalsone@vigoconsulting.com (mailto:metalsone@vigoconsulting.com)

 Fairfax Partners Inc (North America Investor Relations)              +1 604 366 6277

 connect@fairfaxpartners.ca (mailto:connect@fairfaxpartners.ca)

 

About Metals One

 

The race for critical minerals is on. Metals One is pursuing a critical
minerals exploration and M&A strategy, underpinned by the Western World's
urgent need for reliably and responsibly sourced raw materials such as copper,
nickel, cobalt, zinc, uranium and vanadium - all of which are vital to the
clean energy transition.

 

Our Northern Europe portfolio comprises copper, nickel, cobalt and zinc
projects in Finland and Norway, including a 57.1 Mt nickel-copper-cobalt-zinc
Inferred Resource adjacent to one of Europe's largest nickel producers, aiming
to help meet Europe's demand for strategic minerals sourced directly from
within the continent.

 

Our North America portfolio comprises uranium and vanadium exploration
projects in prolific and historical U.S. uranium mining regions, targeting
critical minerals essential for U.S. clean energy generation, grid storage,
and energy security.

 

Metals One's shares are listed on the London Stock Exchange's AIM Market
(MET1).

 

 Metals One European projects

 

Follow us on social media:

 

LinkedIn: https://www.linkedin.com/company/metals-one-plc/
(https://www.linkedin.com/company/metals-one-plc/)

X: https://x.com/metals_one_PLC (https://x.com/metals_one_PLC)

 

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https://metals-one.com (https://metals-one.com)

 

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